take out mortgages even those who did not have the means to do so until the day the bubble burst this has been an historic sunday street at this hour the lehman brothers investment bank appears headed toward bankruptcy in two thousand and eight the poorest homeowners unable to meet their mortgage repayments began to massively sell off their properties the real estate market collapsed and along with the banks who become embroiled in these subprime loans. on september fifteenth two thousand and eight the death of lehman brothers the fourth largest u.s. investment bank marked the beginning of a huge financial and economic crisis that would spread worldwide. the likes of it have not been seen since the great depression of the thirty's a wave of corporate bankruptcy is followed with considerable loss of jobs. people blame the bankers like here in iceland for eighty percent of the banking system collapsed and even more so in greece where the state teetered on the brink

of bankruptcy. with the crisis public debt skyrocketed as did household overindebtedness a veritable scourge that would affect one person in twenty in europe especially in the u.k. . five years ago i mean my husband split up. i actually kicks my husband out and miss out a big impact on my children so i think at the time then i had a lot of making up to do to them and at the time i thought that the way i needed to make up to them was financially so i would just try many out them and christmases i would go ridiculous and take this massive money out of thousands of pounds on stuff they didn't need and we're glad that public private once they go in the water i say i straight away i was set ten i did it i took out a loan but then one line was not enough so i had back then i took another loan to pay. blown back and the how to start game bigger and the star game bigger and

it was spiraling out of control. like many other british people sharon fell into the trap of easy credit with online catalogs where with a simple click one can buy all kinds of products on credit often with annual interest rates of up to thirty percent. it was so we say it was so easy to go online and go yes my name or address my details yeah thank you very much money's in your account they made they made it too easy for me to get into debt. as for philip he took out loans to supplement his meager pension but he went under when the government abolished his council tax exoneration for the elderly. whether i do or did three very well because of the worry i would have my week you're in. i was actually going to bed or no

wouldn't work oh good god i've got to go. to dictabelt reply more scared me throw more. i didn't know what to do. i'd lost computer from company or worse. go to include or got one hundred looking for money. or down to a phony. one of the club would outflow from pride in that i had been proud that my inner. the bankers were helped by the government the banks got into trouble and all the big bankers got big pay i think and the government the banks but i started think of three fortenberry the ordinary men and women that. lost money so as a bank and so because the bank the banks had been out of the government.

the infrastructure for the proof of the contrary. you know there were a lot of cuts. i'll just find to make my on you were to me because it's changed yeah i'll go on if it is in front of me all right thank. you. yes he wants to speak that's advice that's fine let me let me just get everything up here for you sharon regained hope thanks to the advisors at step change the u.k.'s largest debt charity which specializes in debt problems in two thousand and fifteen they advised on average over one thousand five hundred people a day because in the u.k. the price of economic recovery has been very liberal austerity measures the driving down of wages and drastic cuts in social welfare. the definition of problem

is not straightforward our government defines it as anybody who has been at least three months behind their debts in the last six months and that's eight point eight million people in the u.k. bad things can happen you know you become ill you lose your job your relationship breaks down here become a casualty most important in most circumstances is you get help to get back on your feet because the cost to why does the society of people being in there are huge over half the people who come to us have had to go and see their doctor about mental health or other issues just to give you certain general impulse price ok with the enforcement. they do need to me and peaceful entry into the sound because what they'll do them to do is to control did. so i know you know that it takes you to keep the door shut just try it again and so.

at the time i felt like it was just may and i would else was financially following and it was only me. who was suffering. right. and i was the only one though. that was actually having to do with living like this and living with the fear of losing my head a milly's not. being homeless with my children have my children taken away from aches i couldn't look after them properly. by way of a strange paradox people who are deeply in debt feel terribly alone and yet they are increasingly numerous. in france over one person in ten admits suffering from financial difficulties like dominic who was made redundant three years ago in strasburg. he has resolved to go and see the creases association whose initials

ironic a stand for. regional chamber for social overindebted this has become a mainstay of social assistance for those who find themselves in a financial dead end twenty five associations in france six hundred voluntary staff who would like step change still engage in face to face interviews the leak. do you go faster. if you want to. let go thank you all they do on their own for you to favor. not on that of the elevator guess you. thought of in the sense i wanted to move through it was a joke. no. less interest royally that exists in some. of the three most holy. for the thirty. second.

video calls in this room so far. zoom gets. to be more. to get all. who want home. press who are the. idea. there for me with the families. don't know. it's interesting the. city is just.

what it was and. it's put off as or who. the voluntary advisors are often former bankers who now retired have decided to change sides as it were their kind of repentance and we have here the volunteers share their past expertise like the chairman of cases strasburg. a former lawyer a voluntary advisor for ten years and a tireless militant in the fight against overindebtedness. last. movie. it could be the coffee don't worry i started to. pick. up the lunatic

priestly money tape ask. the bustle. and then cut tom a low or no hole call today to share a leaky boat or just to. see he did a stock he. thought it. was. an a plus in the chaos hillis mother told me to typically huskily will the day i sit down there no. she'll. pull a box ski quartzite. chaos out. sick

a good. while. you need to. pick overall. to say. but also i said the unique model books it is that the sea sick of any dishes you. know no york. city police on point radio or haas. assume you don't call my resume my door was small but i don't call it hot babe from your tear you see see. the day on. your local. pub was a few contin filmy buddies you get up a good necessary. call segues a cigar of all that. supper table so why do you get me.

said. that they are. supposed to want lit up. your case you feel good. gives up it's a crowd. sourced if i want you to prefer to school no chimp and use. some of the totally female. credit to literacy to. turn that little bit of the one. you. can. see here.

in iceland where the two thousand a crisis really hit hard fanny whose house was repossessed is now desperately looking for a new home. her debts had reached such a level that the government measures to reduce household indebtedness were insufficient to help her she's been taken in by her sister. was. given you don't. see the. why i did. what they did not through space. let alone kill said. no servant is that. you speak french. now. there's a there's

a yes. that's a little slow. delphine continue his morning his talk of the sun is busy i'm not going to have a false. join me every thursday on the alex salmond show and i'll be speaking to us from the world of politics school or business i'm show business i'll see you then. trump benefit. very much from the existing plurality system because he was so different from the other candidates if you took any one of those mainstream candidates and you put him in a head to head contest with trump. that other candidate might well have won.

it's a. wonder when they hit. in the mood to call. this a road these are the new. foreign to me in all riminton right. in from the minute up on the yes i'm the one that wasn't even in going to see him. so. i thought that.

like many of the inhabitants of this little volcanic island in the north of europe fanny founder self overindebted despite having made no mistakes because here most mortgages are consumer price index yet due to the crisis and the fifty percent devaluation of the icelandic currency inflation soared as a result mortgage repayments suddenly doubled and many icelanders found themselves drowning in debt. we're done i labeled it a lengthy. letter you go along with him alina. data from there we're going to get most who said it. would have been new after school first of all melted up with or how a book. from to london. with a b. they were making it was a mock up but not a bad thing you can hike up along with. like others are getting

a good job. but if they do i mean. neocon i mean most experts know all the talking to assessment along the same. hold. here because of. when spread liberty you wanna. look at the back. in the millions to. one who had taken a lonely even twenty to toss eisemann a police escort similar. after q. the book at the park through the roof and the hole in the roof and we threw a book at the throne millionaires turned do you think and i don't this hello. thank you and. come on. you come off the millionaire but

the old. testament communion if you can afford. solomon you aren't allowed to act like them but i can't there seems nothing to present. climate after cell carcinomas and after several million net. stuff. as long as a person can pay off their loans they were given the red carpet treatment everywhere but once that person can no longer meet their repayments things get more complicated today most consumer credit companies have been acquired by major banks such as so franco and by credit. debt collection agency i'm very eager to stay in touch with our clients you see it is difficult to see them and if you understand that means you should bear the. thought since your question

was you such as. well but the basic stuff it i think you have certain of what you're going to shock you you don't want to work against a project for. such a look at the before we call so i call it. in so slowly. do you david this you'll. need to let that animal to see. what they've done and keep this you want to take it as it was it made them. but we me it was it was. they was the make of what was in what they'll see where you. like let me spend. explained not. to trust one critter. want to tell us more not

a lot of. movie you're very relieved to know. the answer to. the new trust. clearly to steer through the. digital to your new was when she trusted. him. to film. a move on and off for good if the whole looks evil to look at the until she did was a simple something they need to. people some don't. kid if you ninety philadelphia she to see to see two to know these three include the successor and lucille and it will. in the autumn of two thousand and eleven americans took to the streets on mass to protest against the greed and cynicism of

their banks who had made huge profits selling toxic subprime loans to pull the knew that if they got into trouble the state would step in to eventually bail them out because given their financial clout the whole system would collapse if they were to go under there were simply too big to fail. one of the leading figures in the occupy wall street movement is the american anthropologist david graber a specialist in the history of debt and one of the inventors of the slogan we are the ninety nine percent of those who own less than the richest one percent there was about a period of three or four months after two thousand and eight where people. were all saying you know what is dead anyway what is money why do we have the systems

why is find it so important is this even capitalism to even want capitalism paul open question seemed to be open because everything we do assume turned out to be wrong socially for thirty years they've been. saying well you know capitalism might not be a very pleasant system but it's much better these people who are running the system might not be very nice people but they're really smart and they're the only thing that works and there's you know they know they understand what they're doing you don't just shut up and leave it to the experts and it turns out all these people who are supposed to trust their expertise were either complete idiots or scam artists or both how they could imaginably to anything else is beyond. me. what would it be. to. use the internet.

in spain widespread evictions by the banks of over indebted families gave birth to a vast civic resistance movement in two thousand and nine and barcelona outraged militants set up the ph platform for victims which currently comprises two hundred fifty neighborhood associations across the country. to be among those that. helped us and organise a better their. lives there's a day. he said that he was there they say. in those. means that i think is emotionally he said he. said yes if.

he. feels. but i think i mean. there are people those eight million me and if we imagine the best we must never misses military veterans into a list of the most that is with as much on me an e-mail they feel mass. and there's made. us know in. your understand them and that is the main objective was to reform spanish mortgage lending laws according to which when a bank repossesses a property the outstanding debt is not automatically cancelled with the bursting of the property bubble and the plummeting house prices many families found themselves up to their eyes in debt even after having sold their homes. in madrid. in madrid the ruling conservative people's party plucked the reform but in barcelona

on july twenty ninth two thousand and fifteen it was unanimously ratified by the catalan powers i think it feel bassist l.a.'s star let's make a nice move but i guess i mean yes it is. a lot about was this out there yes any particular like you live. in this house here. when they. look anything. like us. you out there is the in does me no doz so local so even that doesn't i mean. make. me.

miss him twenty. listen alec will palin. has the interest of either as i love them as in the orbit of the interest of other. company b. saw their warm amalia and those nooses and the people are starting kerry's remorse they were not bush that he remarks doing by the media. is completely baseless to pull in those and when daniel woodrell. in the last the last army as he the. second brother contestant went i mean there were those that will go in there is the end of. this thing the thing went down you know there's needles you're in no way on us a battle on their base or those. they capital i mean this is and i mean there was is

less time see that will and that is that this is a way to get out. let's let them in a silo so you are not all right maybe now you know if they. the situation is particularly worrying in the northern european countries in sweden norway finland and especially here in denmark where the rate of household debt is currently the highest in europe three hundred percent of disposable income double that of the u.k. triple that of fronts or germany over the past twenty years the danes have gotten most of the indebted encouraged by governments who made access to credit very easy .

to play for many clubs over the years so i know the guy even saw guides. football isn't only about what happens on the pitch for the final school it's about the passion from the fans it's the age of the super manager killion their owners and spending two to twenty million a warm fire. it's an experience like nothing else not to because i want to share what i think of what i know about the beautiful guy was great so what chance for. the case is going to. that's the problem in this new reality is there will be no resting in peace there is no death anymore people will pay to make sure that their death is final that their death is complete that all their d.n.a. ascribed. preferred when you all know is coming through and

spoke to me if somebody would have been told me to spend my life to plan committees are allowed to destroy kosovo solti was clear. every night we were attacked by the arabs we will attacking them and we will extremely shocked and saying that's not possible oh i'll meet those who can do such scenes and then the soldiers and myself from the. host with the prison or we're going to go over they all. believe much second class citizens in the on call. truce like and i think in my head that there is no need to be able to live together. to. come.

to the. president vladimir putin concludes his annual mara thing q. and a session with journalists on string more than seventy questions in almost four hours we've got the highlights from the plus reaction coming up the. palestinian protesters clashed with it's really police in a nonstop wave of anger over jerusalem you know muslim nations are rejecting the u.s. . in the middle east peace process. it's being called online democracy in the coming hours u.s. lawmakers will vote on that net neutrality the result could significantly affect the online surfing of millions.